F t banking editor stephen morris looks at money laundering scandals in recent years. He says regulators are cracking down both on the established, larger, traditional players as well as these fast growing, new entrance businesses. We're seeing a real toughening up on behalf of global regulatory powers, but particularly in europe.
Turkey’s military has begun withdrawing its troops from Kabul airport while the country’s president Recep Tayyip Erdogan said his country can’t handle more migrants, and global regulators are imposing heavy fines on financial institutions for failing to stop anti-money laundering. Plus, the FT’s consumer industries reporter, Patricia Nilsson, explains OnlyFans’ ban on sexually explicit content, and its sudden reversal.
Turkey begins evacuation of troops from Kabul airport
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.